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Malaysia's Magnum establishes RM 1 billion medium-term note program
By Marisa Wong
Madison, Wis., Aug. 14 - Magnum Corp. Sdn. Bhd. said it has launched a RM 1 billion medium-term note program.
CIMB Investment Bank Bhd., Hong Leong Investment Bank Bhd. and RHB Investment Bank Bhd. are the joint lead arrangers and joint lead managers, and Newfields Advisors Sdn. Bhd. is the financial adviser.
The 20-year program was approved by the Securities Commission Malaysia on Aug. 13.
Proceeds from the first issuance will be used to refinance existing borrowings and to finance working capital requirements, future investments and general business purposes.
Magnum is an indirect subsidiary of Multi-Purpose Holdings Bhd., an investment holding company based in Kuala Lumpur, Malaysia.
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